Intraday Trading: Top Stocks Today - 12 December, 2024
**Market Performance Review**
The financial markets displayed a blend of volatility and cautious optimism during the last session. Equity markets embarked on an upward trajectory, with major indices experiencing gains. Global economic indicators and corporate earnings fueled positive investor sentiment, contributing to the market's overall buoyancy.
The technology sector emerged as a notable outperformer, buoyed by strong earnings reports from industry bellwethers. Energy stocks also exhibited a bullish bias, reflecting the ongoing global energy crisis and concerns over supply disruptions. Defensive sectors, such as utilities and consumer staples, exhibited relative stability, serving as havens amid the prevailing market turbulence.
However, the market's upward momentum was tempered by lingering concerns over inflationary pressures and the potential for aggressive monetary policy tightening. Investors remain vigilant, monitoring key economic data and central bank announcements to assess their impact on the financial landscape.
As the current session unfolds, market participants will be closely scrutinizing newsflow related to economic growth, geopolitical developments, and corporate earnings. Technical analysis suggests that the market may continue to face some hurdles in the near term, but underlying fundamentals and investor confidence remain key drivers of market direction.
Top Stocks to Buy Today:
1) ZOMATO
Buy ZOMATO shares in intraday timeframe at CMP Rs. 294.1
2) CSBBANK
Buy CSBBANK shares in intraday timeframe at CMP Rs. 320.55
3) ITI
Buy ITI shares in intraday timeframe at CMP Rs. 376.5
4) VGUARD
Buy VGUARD shares in intraday timeframe at CMP Rs. 429.45
Top Stocks to Short Today:
1) GALAXYSURF
Sell GALAXYSURF shares in intraday timeframe at CMP Rs. 2886
2) JKLAKSHMI
Sell JKLAKSHMI shares in intraday timeframe at CMP Rs. 863.7
3) DCMSHRIRAM
Sell DCMSHRIRAM shares in intraday timeframe at CMP Rs. 1100.3
4) CONCORDBIO
Sell CONCORDBIO shares in intraday timeframe at CMP Rs. 2179.55
Disclaimer: Remember, the market is a living beast, and even the most informed predictions can be devoured by unforeseen events. While this analysis is based on a thorough rule-based research, the ultimate decision to buy or sell rests with you. Do your own due diligence, consider your risk tolerance, and craft a strategy that aligns with your financial goals. Stratzy provides insights, not guarantees, and cannot be held responsible for any gains or losses incurred in your trading activities. Invest wisely, trade responsibly, and may the market gods favor you!